advice

What’s the difference between a financial planner and an accountant? | Money & Life

What’s the difference between a financial planner and an accountant? When it comes to getting professional advice on money matters, should you be looking for an accountant or financial planner? Find out how they’re different and what services each one offers to help you manage your finances. When you’re looking for help on anything to do with money, finding the right person to turn to for advice can be a challenge. According to a …

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Financial counsellor or financial planner: What’s the difference? | Money & Life

Financial counsellor or financial planner: What’s the difference? Ok we get it, knowing where to turn to for financial advice can be confusing sometimes! Financial planners and financial counsellors are both types of financial experts, so which one is right for you? When you’re looking for advice on your finances, it can be hard to know where to turn. Counsellor, adviser, planner? A simple internet search can be enough to make your head spin. While …

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The value of financial advice during the COVID-19 crisis | Money & Life

The value of financial advice during the COVID-19 crisis It’s no secret that, for many of those working in the financial advice and insurance industries, the past few years have required some adapting to. Going back to 2018, the Life Insurance Framework (LIF) introduced the first caps on commissions, and just over a year later, the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry created a paradigm shift in the regulation …

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Is it time to throw out the retirement planning rulebook? | Money & Life

Is it time to throw out the retirement planning rulebook? A ‘mix and match’ approach to advice is replacing one-dimensional thinking around retirement income. Based on their attractive tax treatment, other than the Age Pension, account-based pensions (ABPs) remain a retirees’ primary and often only source of retirement income. However, given that the likes of ABPs and term deposits are agnostic to the individual objectives of retirees, there is a growing appetite by financial planners …

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Health and holistic financial advice [Free eBook] | Money & Life

As financial planning professionals, it can be easy to confine our advice and interactions with clients to topics related directly to money and finances – after all, that’s what usually gets them in the front door! But as our relationships with clients hopefully grow over time, and we become more familiar with their personal circumstances, ambitions and what is holding them back from achieving their goals, it makes sense that we start working with them …

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Sharing financial wisdom between the generations

Sharing financial wisdom between the generations Money know-how can come from anyone, young or old. When it comes to financial wisdom, author and speaker Kylie Travers and actor and singer Charmaine Bingwa have taken their lead from the previous generation. Save and save some more There’s no getting around it, getting on top of your finances means saving and saving means having discipline. Both Kylie and Charmaine learnt from their parents – and grandparents in …

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First home buyers find success with advice and coaching

First home buyers find success with advice and coaching Most of the conversations I have had with clients about their adult children are about buying and paying off their first home. Getting into debt is relatively easy, but high home prices and the need to pay it off make the challenge of home ownership more difficult than a generation ago. This is especially true in Sydney where home prices are over 12 times average earnings …

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Under 40 and broke: Why young people need financial advice more than ever

Under 40 and broke: Why young people need financial advice more than ever With increasing debt and falling home ownership among the under 40s, their financial prospects are less than rosy. If this trend is set to continue, young people are going to be needing financial advice more than ever to help them make the best choices for a secure future. There’s been a lot of talk in recent years about how much better off …

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What is financial planning?

What is financial planning? Regardless of your age, life stage or wage, a financial planner can work with you to reach your financial and life goals, whether short-term or long-term. This article offers an introduction to what financial planning is, how it works, and how it can benefit you. What is financial planning? Financial planning is about developing strategies to help you manage your financial affairs and meet your life goals – and the first …

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How to spend more to save Penny wise, pound foolish rings true today

How to spend more to save The old saying “penny wise, pound foolish” couldn’t ring truer than in today’s throw-away world of overconsumption and excessive production of disposable items. Did you know that many manufacturers have been using techniques to deliberately reduce the life of a product to increase its replacement rate and sell you the same thing again? It’s called planned obsolescence. Some products are not built to last. Others are specifically designed to make …